Consolidate your super

Consolidate your super

Save time and money by rolling multiple super accounts into the one fund

According to the Australian Taxation Office (ATO)1 there are around 4 million people with two or more super funds across Australia at this time. If you’ve had one or more employers prior to working for the SA public sector, it’s likely you do too.

Especially if you went with the fund each employer offered when you started working for them. Having multiple super funds isn’t the end of the world but the reality is you could be eroding your super balance over time. This means there may be less in your super than you’d like when you stop working.

1 Note: Figures are based on member data reported by funds to the ATO for the year ending 30 June 2020.

The advantages of consolidating superannuation

By consolidating your super you could:

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Save money

Fewer funds means less fees. You could save money by not paying multiple admin fees for multiple accounts, which adds up over a lifetime.
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Save time

Having fewer funds is easier to keep track of. You have less paperwork and it is easier to track how much super you have. You’ll have so much less to read.

Have better control

Fewer super funds means you can more easily manage your investment strategy to better suit your needs. Set up the future you really want. 

Before you leave a fund, check to see if you have any insurance through the fund. This might be life, total and permanent disability (TPD), and/or income protection insurance.

If you change funds, you might not be able to get the same cover. If you're not sure, speak to a financial adviser.

How to consolidate your super into a single fund

Consolidation through myGov

At Super SA, we know you’ve got a lot going on. A simple way to consolidate your super accounts is through linking your myGov account with the ATO. Then, you can consolidate your super accounts online in the click of a button.

Note: if you link your myGov and your Super SA account is not listed under your super, you will have to consolidate your super directly through Super SA.

Visit your myGov account to consolidate your super now.

Consolidation direct with Super SA

Complete the Consolidate your Super form to roll in super from another fund. If you have multiple funds, you’ll need to fill in a form for each one.

Once your form/s is filled out, send it to us via email or post and we’ll take care of the rest for you.

Download the consolidate your super form now.

Before you consolidate your super

With Super SA, consolidating your super is a cinch. But before you go ahead and roll in to Super SA, there’s a few things you should do.


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Double check your benefits

Before you consolidate, just double check with your super fund/s on how rolling out may have an impact on your insurance cover.

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Speak to a financial planner

Your super is unique to you, and it may be one of the biggest investments you’ll ever make. We encourage you to seek financial advice before making any big decisions.

Need to find lost super?

If you have worked for more than one employer, you may have a super account you’ve forgotten or don’t know about.

These lost super accounts usually have small balances but in the end these extra amounts can help you financially in the long-run.

Rather than letting these balances erode from fees, you can easily search for lost super by linking your myGov account with the ATO.

Once you’ve found your lost super, you can consolidate it into your current Super SA account via your myGov account.

If you would like more information, please contact our Member Services team. Alternatively, you can register for one of our seminars/webinars which cover a variety of topics.

Frequently asked questions

The superannuation schemes administered by Super SA are exempt public sector superannuation schemes and are not regulated by the Australian Securities and Investments Commission (ASIC) or the Australian Prudential Regulation Authority (APRA). Super SA is not required to hold an Australian Financial Services Licence to provide general advice about a Super SA product. The information in this publication is of a general nature only and has been prepared without taking into account your objectives, financial situation, or needs. Super SA recommends that before making any decisions about its products you consider the appropriateness of this information in the context of your own objectives, financial situation, and needs, read the Product Disclosure Statement (PDS), and seek financial advice from a licensed financial adviser in relation to your financial position and requirements.